Jobs, Jobs, Jobs in the Inland Region

by
admin on
28th-April-2017

Riverside, CA

Last week, the U.S. Census Bureau reported that Riverside and San Bernardino Counties were among the top three municipalities which experienced the largest job gains in the nation between 2014 and 2015. The communities ranked just behind another California county: San Francisco.

Although San Francisco experienced the most significant gains, with a 6.6 percent increase, Riverside County was second with an increase of 4.9 percent, or 25,284 people, for a total of 540,169 employees; San Bernardino County delivered a strong, third place finish with a 4.4 percent increase, adding 24,396 workers, for a total of 578,755 employees.

The report indicated job growth in the inland region was largely driven by expansion in the area’s transportation and warehousing sector. Riverside County was the greatest beneficiary of this: it grew an astonishing 32.3 percent. San Bernardino County experienced a more modest, though notable growth rate of 16.2 percent.

The U.S. Department of Commerce noted that California had more places of employment, more employees (14.3 million), and a larger annual payroll ($857 billion) than any other state in 2015.

Californians received more positive employment news on Friday, when the Employment Development Department (EDD) reported that, statewide, unemployment fell to 4.9 percent in March – the lowest point in ten years. The unemployment rate for Riverside County was 5.5 percent and San Bernardino County remained stable at 5.2 percent in March.

Other good news from the EDD last week included updated information on the state’s job growth this year. California reportedly continued to lead the nation in job growth in March, adding 19,300 new jobs—nearly 20 percent of all jobs created in the United States. The state has added more than 2.5 million jobs since 2010.